{"id":34506,"date":"2023-12-26T17:53:14","date_gmt":"2023-12-26T21:53:14","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34506"},"modified":"2023-12-26T17:53:14","modified_gmt":"2023-12-26T21:53:14","slug":"bitcoin-millionaires-rise-by-246-in-2023-heres-how-many-there-are","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/26\/bitcoin-millionaires-rise-by-246-in-2023-heres-how-many-there-are\/","title":{"rendered":"Bitcoin Millionaires Rise By 246% In 2023, Here\u2019s How Many There Are"},"content":{"rendered":"

Bitcoin\u2019s resurgence in 2023<\/a> has created wealth for many crypto investors, as there has been a significant rise in the number of Bitcoin millionaires. These Bitcoin millionaires happen to be wallet addresses whose BTC holdings equal $1 million or above.\u00a0<\/p>\n

Number Of Bitcoin Millionaires<\/h2>\n

According to data<\/a> from BitInfoCharts, there are currently 97,497 Bitcoin<\/a> millionaires. This represents a significant increase from the beginning of the year when the number of wallet addresses equal to $1 million and above stood at 23,795, according to data<\/a> from Glassnode.\u00a0<\/p>\n

This development is attributed to the resurgence in Bitcoin\u2019s price this year, with the crypto token seeing over 158% gain year-to-date. At the beginning of the year, Bitcoin\u2019s price stood at just over $16,000. However, as the flagship cryptocurrency\u2019s price began to rise, so did its number of millionaires<\/a>.\u00a0<\/p>\n

Further data<\/a> from BitInfoCharts breaks down these Bitcoin millionaires into two categories. The number of addresses that are greater than $1 million stands at 90,040, while 7,457 wallet addresses hold $10 million or more.\u00a0<\/p>\n

Meanwhile, other addresses below $1 million have also seen enormous profits. Market intelligence platform Santiment recently reported that 89% of the total Bitcoin supply is in profits. 2024 could be a better year for these addresses, considering that the Bull market<\/a> is expected to kickstart next year.\u00a0<\/p>\n

In the meantime, some of these Bitcoin millionaires and persons with significant holdings seem to be taking profits. NewsBTC recently reported<\/a> how Bitcoin whales had sold around 50,000 BTC which equals to about $2.2 billion.\u00a0<\/p>\n\n

About Two Weeks To Go For Spot ETFs<\/h2>\n

One of the biggest moments for Bitcoin and the crypto industry could come as early as January 10. This is around the period when experts are predicting<\/a> that the Securities and Exchange Commission<\/a> (SEC) will approve the pending Spot Bitcoin ETFs, and there is optimism in the air as many actions point to an approval happening.\u00a0<\/p>\n

Crypto stakeholders have had their eyes fixed on developments revolving around these Spot Bitcoin ETFs. The reason isn\u2019t farfetched, as these funds could unlock fresh liquidity<\/a> into the Bitcoin ecosystem. Trading firm QCP Capital had highlighted<\/a> this as the catalyst to Bitcoin hitting its all-time high (ATH) and possibly new ATHs.\u00a0<\/p>\n

At the same time, people like the former CEO of crypto exchange BitMEX, Arthur Hayes, will be hoping that these ETFs don\u2019t achieve much success as he says<\/a> they could lead to Bitcoin\u2019s downfall.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at around $42,678.76, down over 1% in the last 24 hours according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin\u2019s resurgence in 2023<\/a> has created wealth for many crypto investors, as there has been a significant rise in the number of Bitcoin millionaires. These Bitcoin millionaires happen to be wallet addresses whose BTC holdings equal $1 million or above.\u00a0<\/p>\n

Number Of Bitcoin Millionaires<\/h2>\n

According to data<\/a> from BitInfoCharts, there are currently 97,497 Bitcoin<\/a> millionaires. This represents a significant increase from the beginning of the year when the number of wallet addresses equal to $1 million and above stood at 23,795, according to data<\/a> from Glassnode.\u00a0<\/p>\n

This development is attributed to the resurgence in Bitcoin\u2019s price this year, with the crypto token seeing over 158% gain year-to-date. At the beginning of the year, Bitcoin\u2019s price stood at just over $16,000. However, as the flagship cryptocurrency\u2019s price began to rise, so did its number of millionaires<\/a>.\u00a0<\/p>\n

Further data<\/a> from BitInfoCharts breaks down these Bitcoin millionaires into two categories. The number of addresses that are greater than $1 million stands at 90,040, while 7,457 wallet addresses hold $10 million or more.\u00a0<\/p>\n

Meanwhile, other addresses below $1 million have also seen enormous profits. Market intelligence platform Santiment recently reported that 89% of the total Bitcoin supply is in profits. 2024 could be a better year for these addresses, considering that the Bull market<\/a> is expected to kickstart next year.\u00a0<\/p>\n

In the meantime, some of these Bitcoin millionaires and persons with significant holdings seem to be taking profits. NewsBTC recently reported<\/a> how Bitcoin whales had sold around 50,000 BTC which equals to about $2.2 billion.\u00a0<\/p>\n

About Two Weeks To Go For Spot ETFs<\/h2>\n

One of the biggest moments for Bitcoin and the crypto industry could come as early as January 10. This is around the period when experts are predicting<\/a> that the Securities and Exchange Commission<\/a> (SEC) will approve the pending Spot Bitcoin ETFs, and there is optimism in the air as many actions point to an approval happening.\u00a0<\/p>\n

Crypto stakeholders have had their eyes fixed on developments revolving around these Spot Bitcoin ETFs. The reason isn\u2019t farfetched, as these funds could unlock fresh liquidity<\/a> into the Bitcoin ecosystem. Trading firm QCP Capital had highlighted<\/a> this as the catalyst to Bitcoin hitting its all-time high (ATH) and possibly new ATHs.\u00a0<\/p>\n

At the same time, people like the former CEO of crypto exchange BitMEX, Arthur Hayes, will be hoping that these ETFs don\u2019t achieve much success as he says<\/a> they could lead to Bitcoin\u2019s downfall.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at around $42,678.76, down over 1% in the last 24 hours according to data<\/a> from CoinMarketCap.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34506","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34506"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34506\/revisions"}],"predecessor-version":[{"id":34513,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34506\/revisions\/34513"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34506"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}